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Saving Advantage Plan vs Fixed Maturity Plan

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Saving Advantage Plan vs Fixed Maturity Plan

Saving Advantage Plan

Save More, Live Better with Axis Max Life Savings Advantage Plan Whether aiming for a new car or your daughter's dream wedding, savings alone won't do it; you need to grow your money to reach your future goals. That's why Axis Max Life launched an Axis Max Life Savings Advantage Plan. It helps you g...

Fixed Maturity Plan

Aditya Birla Sunlife Fixed Maturity Plan is a non-linked, non-participating endowment product providing fully guaranteed benefits as a lump-sum on maturity. ABSLI Fixed Maturity Plan is a savings vehicle that offers life insurance protection and savings advantages to protect your loved ones from fin...

PLAN DETAILS

Saving Advantage Plan


Fixed Maturity Plan

Premium Including GST
Key Features
(Key features of the plan)
  • 5.5% Guaranteed Additions
  • Three In-built Riders
  • Annual/Terminal Bonus
  • Tax Benefits u/s 80C & 10 (10D)
  • Single Premium
  • ZERO Withdrawal Charges
Plan Uniqueness
  • 5.5% Guaranteed Additions
  • Three In-built Riders
  • Annual/Terminal Bonus
  • Policy loan
  • Enhanced sum assured
  • Tax benefit
Plan Maturity age Maximum Maturity Age - 80 years 70 years
Premium payment term 5,12 years Single, Limited, Regular
Plan Entry Age Minimum Age - 91 days Maximum Age - 65 years 8 years
Sum assured No limit Rs. 15000- no limit
Premium payment frequency Annual, half-yearly, quarterly & monthly Single, Limited, Regular
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure Minimum term - 10 years Maximum term - 30 years Minimum-5 to Maximum-10 years.
Claim Settlement Ratio (2024-25) Minimum Age - 5 year 98.65%

Know More About Plans

Save More, Live Better with Axis Max Life Savings Advantage Plan

Whether aiming for a new car or your daughter's dream wedding, savings alone won't do it; you need to grow your money to reach your future goals. That's why Axis Max Life launched an Axis Max Life Savings Advantage Plan. It helps you grow your savings to build wealth and achieve your future goals while providing life coverage against unfortunate death. 

Apart from the lump sum death or maturity benefit payout, this plan offers you 5.5% of Guaranteed Additions at the end of each policy year for the first 5 policy years to boost your sum assured amount. 

Even the life insurance plan offers flexibility to select payout options, such as lump sum or monthly income. On the unfortunate death of an insured person during the policy, a sum of the guaranteed death benefit, guaranteed additions (if any), and Terminal Bonus (if any) shall be payable to the nominee.

Axis Max Life Savings Advantage Plan offers you a range of benefits including:

why-choose
  • Flexibility to choose premium payment terms
  • Guaranteed additions
  • Flexible policy tenure
  • Cash bonuses

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